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You buy $5,500 worth of stock using margin. The margin requirement is 60% and the maintenance margin is 30%. Commissions are 2%. You hold the

You buy $5,500 worth of stock using margin. The margin requirement is 60% and the maintenance margin is 30%. Commissions are 2%. You hold the stock for one year during which you receive a $500 dividend. Interest on borrowed funds is 10%. You are able to sell the stock for $6,000. What is your percent return?

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